1300 767 180 Request a Quote
1300 767 180

Accounting

  1. Home
  2. chevron_right
  3. Accounting

The Top 5 Qualities to Look for in a Bookkeeper

person On The Money Bookkeeping
turned_in_not , ,
comment No Comments
A great bookkeeper has many valuable qualities that will benefit you and your business, but what are the top five qualities to look for in a bookkeeper? If you’re searching for a bookkeeper in Melbourne to fuel your small business success, you’ll need to consider what qualities are important to you in a tax professional.…

Understanding Perpetual Stock Management and Costing

person On The Money Bookkeeping
turned_in_not , , ,
comment No Comments
Inventory or stock management is a crucial area that can significantly impact your business’s profitability. It pays to stay on top of your inventory costing for many reasons. You need to know precise stock levels and understand the shelf life and rotation. How much stock you have directly affects your profit or loss at the…

Thinking of Selling Your Business? Financial Aspects, Tips & Guidance

person On The Money Bookkeeping
turned_in_not , , ,
comment No Comments
There’s a lot to take care of when selling a business! It’s often an emotionally demanding time during the process, and things like the bookkeeping and accounting for the sale of business can get pushed down the priority list. Taking care of the accounting means it’s easier for both parties – the seller and the…
Bookkeepers Melbourne

Understanding Periodic Stock Management and Costing

person On The Money Bookkeeping
turned_in_not , , ,
comment No Comments
If your business carries stock for sale, it’s good to understand the basics of inventory costing and the value in your financial accounts. There are two ways of recording inventory value – perpetual or periodic. This article focuses on the periodic system – we’ll cover the perpetual system in the next OTM Bookkeepers Melbourne blog.…

Using Business Assets for Personal Purposes

person On The Money Bookkeeping
turned_in_not , ,
comment No Comments
Personal Use of Business Assets is Okay – But Keep Your Records! Has your business got vehicles, property or equipment you or your staff use for personal purposes? There’s no problem with doing this, so long as business assets are accounted for correctly! At Xero Certified Advisors On The Money Melbourne Bookkeeping Services, we often…

Streamline Your Business with Digital Records and Signatures

person On The Money Bookkeeping
turned_in_not , , ,
comment No Comments
Digital Business Records and Signatures Streamline Your Systems Did you know you can legally keep all business records electronically? The Electronic Transactions Act 1999 lets you store all business records electronically. You may choose to keep some records in hard copy, but most or all of your business records can be stored on your computer…

Understanding the Rules on
Christmas Party Tax Deductibility

person On The Money Bookkeeping
turned_in_not , , ,
comment No Comments
Christmas Parties, Gifts and Tax Deductions – What’s Allowed? If your business is throwing a Christmas party, giving gifts to staff, clients and suppliers or paying a Christmas bonus to your employees, you’ll need to know what’s allowed for Christmas tax deductions and the BAS. Christmas business deductions are not always easy to work out!…

Why it’s Important to Track Inter-Entity Loans

person On The Money Bookkeeping
turned_in_not , , ,
comment No Comments
Why it’s Important to Track Inter-entity Loans Do you own more than one business? If you have related entities that pay for expenses on behalf of the other businesses you own, getting the bookkeeping and accountancy right for all inter-entity loans is essential to accurate financial reporting. It’s important to enter the same transaction into the accounting…

Do You Have the Right Business Systems and Technology to Scale for Success?

person On The Money Bookkeeping
turned_in_not , , ,
comment No Comments
Do You Have the Right Business Systems and Technology to Scale for Success? If, like most business owners, you’re planning to grow your business, it’s worth investing time in researching the business systems and technology you’ll need to scale up with the business as it grows. So, implementing the right business systems before a growth phase makes…

Cash and Accruals Accounting on Your Activity Statement

person Carmen Morris
turned_in_not , ,
comment No Comments
Understanding Cash and Accruals Bookkeeping and Accountancy At On The Money Bookkeeping Services Melbourne, we’ve noticed that business owners are sometimes uncertain about why their BAS amount payable is considerably higher or lower than what they are expecting. For most businesses, an activity statement reports GST, PAYG withholdings (for employees) and PAYG instalments (for company…
Load More
Menu